banner_ad

income tax regarding demonitised currency deposit

This query is : Resolved 

19 November 2016 Hello sir, I am working in a mnc company for past 10 years and paying tax through tds. I have 3 lakh and 6 thousand rupees in my hand as discontinued 500 and 1000 rs notes. All these money are saved from my salary only by myself and my wife saved this money after the household expenses. Yesterday I deposited all this money in my savings account. Now my query is does the income tax dept will send a notice to me or not.?. I am really confused very much. Kindly explain what would happen in my case.

19 November 2016 Now that you have deposited, trust your luck for any notice from income-tax department. If at all, one of them finds your way home, explain the officer about the cash deposits which basically constitute your past savings.


20 November 2016 No need to worry for such a small amount of money. File the return for current financial year no questions will be asked.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details